some light at the "CoeffoLine" indicator

via forex-tsd.com

Roughly it corresponds to a linear regression slope of a 5 period smoothed (high+low)/2 (median price). I say roughly because the intention of this indicator was not to replicate the CoeffoLine indicator.

This indicator shows linear regression slope of smoothed price (price smoothing used in this one is a kind of linear weighted moving average) Here is a comparison of a 10 period regression slope (lower) and ndot 10 CoeffoLine indicator values (upper). And no, this one does not "loop into itself" nor does it repaint.

Posted via email from newdigital's posterous